VV Minerals Paves The Way For BSM Industry

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VV Minerals Paves The Way For BSM Industry
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Vaikundarajan, Managing Director, VV Minerals,
represented the Beach Sand Mineral (BSM) industry
to seek the elimination of Ilmenite, Rutile,
Leucoxene and Zircon, from the atomic minerals
list of the Mines and Minerals (Development
Regulation) Act, 2015.
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Ilmenite, Rutile, Leucoxene and Zircon can be
used in ceramics and hi-tech applications.
Eliminating such minerals from the atomic
minerals list of the MMDR Act, 2015 has the
potential to create about 5 lakh jobs along with
USD 1.8 billion in forex earnings.
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In an interview, Vaikundarajan said "They are not
used in atomic energy production and the
Department of Atomic Energy (DAE) de-listed them
from the list of prescribed substances with
effect from January 1, 2007. But they have not
been de-listed from the MMDR Act. Hence, we met
Mines Secretary Balvinder Kumar recently to
request to him to remove Ilmenite, Rutile,
Leucoxene and Zircon from the list of atomic
minerals in the MMDR Act.
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VV Minearl Vaikundarajan also, raised a concern
regarding Monazite. Monazite, contains 0.35
percent of Uranium and 6-10 percent of Thorium,
which are rare earth minerals with a high demand
worldwide.
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"We urged the government to allow BSM producers
to process Monazite, with essential control
exercised by the DEA and the Atomic Energy
Regulatory Board. The industry can give the
Uranium and Thorium to the government and sell
the rare earths, which will generate employment
and forex," he said.
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VV Minerals is the largest producer and exporter
of Ilmenite and Garnet in the country, thus
making Vaikundaajan a prominent face in the
industry. For More Details On This Story Click
The Link http//www.business-standard.com/article
/pti-stories/remove-some-minerals-from-atomic-list
-in-mmdr-act-beach-miners-115112200175_1.html
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